Debasish Panda,chairman, IRDAI

Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance companies like Munich Re, Swiss Re and Allianz to discuss about the latest developments in the Indian re/insurance industry

Mumbai: After successfully concluding a recent European roadshow, led by IRDAI chief Debasish Panda, the Indian insurance industry is coming together for a three-day strategic brain storming sessions- Vision Meet-Insurance for All”- from today in Mumbai.

Amidst talks of big ticket reforms, including 100 per cent FDI in the Indian Insurance Industry, this is also for the first time `Insurance Strategy Conclave’, organised by the IRDAI, General Insurance Council, and Life Insurance Council, has roped in one of the IIMs- Indian Institute of Kozhikode, to design the overall themes and run the show.

The three- day summit, to be inaugurated by Panda, attended by CEOs and senior officials of the Indian re/insurance industry, will deliberate strategies to overhaul the Indian insurance industry to achieve larger penetration and inclusion, said industry sources.

Normally, the IRDAI which has been organising `Bima Manthan’ every quarter, since Panda became its chairman, has preferred to do an industry meeting this time in different way by involving IIM-Kozhikode for its intellectual inputs.

Recently, Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and met the top officials of large re/insurance companies like Munich Re, Swiss Re and Allianz to discuss about the latest developments in the Indian re/insurance industry and get more foreign direct investment(FDI) into the Indian insurance industry.

Some of the CEOs, mainly from the private sector insurance companies, who were part of the recent European tour include- Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance and chairman, GI Council, Ritesh Kumar, outgoing MD & CEO of HDFC Ergo General Insurance and his successor Anuj Tyagi, Amit Ganorkar, MD &CEO, Royal Sundaram Insurance, Anup Rau, MD& CEO, Fututure Generali India and his life counterpart Alok Rungta, Tarun Chugh, MD& CEO, Bajaj Allianz Life Insurance and Kamesh Goyal, non-executive chairman, Digit Insurance.

Some of CEOs of Indian Foreign Reinsurance Branches who were part of the team – Hitesh Kotak, chief executive Japan, India, Korea, and South-East Asia , Munich Re, Amitabh Ray, CEO, Swiss Re , India Branch, Parag Gupta, CEO, Scor Se India and CB Murli, CEO, Allianz Global Corporate & Specialty,India.